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Norfolk Investment Properties

This town in Norfolk County first became an independent community in 1870, breaking away from North Wrentham to establish its own governance. With a suburban and rural feel, the community of over 11,000 people is located on an upper valley of the Charles River and is approximately 20 miles southwest of Boston. Properties here offer open spaces and a small-town feel that can make community living close to the city appealing to many potential tenants. The investment potential in this developing area can be substantial.

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The 15.2-square mile town was originally an agricultural community, and today it is home to an array of businesses as well as commuters who frequently travel to Boston and other neighboring communities for work and play. With a community-oriented approach, the town's recreation department offers an array of classes and activities as well as open green space in parks and areas across the town. Biking and hiking trails are also available for people looking for outdoor recreation, while playgrounds and sports fields provide opportunities for families with children. The access to outdoor activities and recreation can be a point of interest for people who want to enjoy an active lifestyle and are looking for a home to support those interests.

The town is also close to some of the major highways that provide transit to other major communities across the state. Route 115 goes directly through the town, while Interstate 95 and Interstate 495, as well as U.S. Route 1, are all within easy driving distance. There are public transit options here as well; the MBTA commuter rail reaches to the town, allowing easy daily transit back and forth to Boston. Easy access to transit and transportation can be a major factor when choosing an investment property.

Multi-Family Homes

This suburban community is home to a range of multi-family investment opportunities. You can find duplexes, triplexes and small apartment buildings that are widely appealing to singles, couples and families looking to settle in the community. Many of these multi-family properties reflect the classic, historic architectural look of the area, although many are also more newly constructed. This can be important as it can help investors to save on the repair and maintenance costs that can accompany older properties.

Single-Family Properties

There are many single-family homes in this community that can make interesting and profitable investments. Many homes here have classic colonial architecture, and investing in a property can also be an occasion to spruce up the inside of a home for future resale as well as maximum tenant income. Many homes here already show off modern kitchens, but adding a new kitchen where old-style options are currently in place can maximize resale value and rental price.

Condominium Investments

For many property investors, choosing a condominium or townhouse can be a great option, especially for people newer to the field. The set monthly condo fee paid to a property management company can help an owner to handle many maintenance issues, especially exterior problems. This can also help owners to avoid unexpected expenses for upkeep and maintenance. In addition, the attractive, fun amenities offered by complexes can make these properties particularly easy to rent to reliable tenants.

Exploring Commercial Real Estate

Office and retail space here can also be an appealing investment. While the town itself is largely suburban, there are businesses that look to expand their presence here. The investment experience can be very different than that of residential rentals, and the stability represented by a business lease can help to make this type of investment an excellent choice.

The average valuation of a home in this city is $515,000. There are still a number of excellently priced options available, especially as home values are expected to continue to rise in the coming years. This reflects a trend that has continued consistently since 2012, with home values continually on the rise since that time. The rental market is also active in the area with great income opportunities for property investors. Average monthly rent in the community is $2,864, well above the midpoint for the entire Boston area. This means that you should be able to enjoy a reliable, significant income from rent even while the value of your property appreciates. If you want to learn more about investing in real estate in this community, contact Boston City Properties. We will provide you with key details about available properties and how to maximize your potential income.

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